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Financier arrested on charge of cheating

CHENNAI: The Central Crime Branch (CCB) police on Saturday arrested Mukundchand Bothra, a financier from Sowcarpet on charges of cheating. A police press release said Mani of Virugambakkam obtained a loan of Rs.21 lakh from Mr. Bothra, for which he had given 24 cheques and signed a few blank promissory notes.

Mr. Mani was not able to repay the loan. Following this, Mr. Bothra allegedly added Rs. 20 lakh and Rs. 35 lakh in the promissory notes and filed cases against Mr. Mani.

Mr. Bothra also demanded Rs.1 crore from Mr. Mani to withdraw the cases. Mr. Mani lodged a complaint with the Additional Commissioner of Police against Mr. Bothra and the case was handed over to the CCB Police.

Cases under Sections 406 (criminal breach of trust), 420 (cheating), 384 (extortion) read with 511 (attempting to commit offences punishable with imprisonment for life) were registered against Mr. Bothra and he was remanded to judicial custody, the release said.